Here is a long-term view on the banking sector in US. I see Feb'22 peak as completion of large B-wave of flat correction, C-wave of which might take couple of decades before it finishes. So far it has printed wave 1 of circle wave 1 and started wave 1 of 3 (tag is not on the chart). Expect to see some downside action until mid-May to complete 5 of 1 of 3, then up...
Morgan Stanley has a pre-earnings run moving up to its earnings report ahead of the open tomorrow. Last quarter had a similar setup for swing trading.
The Year over Year comparisons are no longer impacted by the benefits of the 2020 - 2021 pandemic, when a few stocks had way above normal revenues. This is making many companies show what appears to be far better...
"Another Investment Bank showing weakness..."
More weakness for banks.
More strength for silver.
Notes
Melt down started in Q4 2007
silver went up over 1000%
#silver #inflation #recession #banks
Elliott flat, Gartley 222, Three drives, now past confirmation level. Fairly confident about this one going lower, much lower infact. Apex reaction may indicate end of Wave 5, but there is no way to tell here and now.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are...
Morgan Stanley - 30d expiry - We look to Sell a break of 83.18 (stop at 86.32)
Short term bias has turned negative.
There is no indication that the selloff is coming to an end.
This stock fell 6.5 % last week.
A break of the recent low at 83.28 should result in a further move lower.
Short term MACD has turned negative.
Our profit targets will be 75.33 and...
On the chart we can see the raising wedge pattern. It seems that the wedge is in its early stage of development.
We are expecting that the price will be consolidating inside the wedge for a while, before the breakout.
RSI currently is showing oversold conditions, therefore we believe that the price will bounce from the upsloping support.
We would enter the short...
We have a confirmed Weekly Dark Cloud Cover with 4 instances of Weekly Bearish Divergence and we are breaking down an up trending line I think it wouldn't be so crazy to bearishly target a 50-61.8% retracement from here.
MS is the strongest stock in the XLF sector (Financial)
G/G trend with Vscore, Volume Profile, 21/34 propulsion, Darvas 3.0.
XLF has pulled back, but should resume trend with macro economic uncertainty (inflation reports/rate discussion) settles down.
Looking by the minor low breakout.
Prices with in the 13/21 propulsion dot levels.
Entry - $98.05
Profit -...
$MS on the rise,
In impulsive wave it flies,
Investors feel the prize.
Bulls take hold, gains soar,
Trading charts and stocks explore,
Excitement at the core.
(a nice poem by chatGPT)
$MS fun chart noticing the comparisons to Dot Com where many stocks topped in January and February of 2001 before legs lower. This is not my expectation but just pointing out some similarities
Morgan Stanley: Possible long Entry.
Currently market is trading in a uptrend in 4H chart and soon ongoing secondary trend is expected to end.
A major support at level of 84 may change the secondary trend.
Market is testing the level of 84 with a weak bearish approach. A falling wedge pattern is shown is charts.
A bullish movement is expected in upcoming...
The PEAD projected a Neutral outlook for $MS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 90%.
Looking at the MS Morgan Stanley options chain, i would buy the $75 strike price Puts with
2022-11-18 expiration date for about
$2.97 premium.
Looking forward to read your opinion about it.
